The co-founder of Health Cost Solutions, Elmington Capital Group, and Stonegate Land, Scott Sohr works in a number of industries, from healthcare and fintech to real estate. However, his primary professional focus revolves around leading STS Ventures. Scott Sohr serves as the president of STS Ventures and oversees the company’s startup incubation operations.
Joining a startup incubator provides startups with invaluable resources and support and helps them grow significantly faster. However, it’s important to find the right incubator for your company to ensure you reap all the benefits.
In most situations, the process of finding the right incubator starts with completing plenty of research. Ideally, you should research everything you can about an incubator, from the industries it serves to the mentoring services it offers. Make sure every potential incubator meets your startup’s needs and that it provides experienced and knowledgeable support within your field. Referrals are a great way to start off this process, but you can also complete research without them.
Further, look into an incubator’s previous startups. Doing so helps you see what industries an incubator has experience with and provides you with a clearer idea of an incubator’s success rates. This also gives you a better idea of a particular incubator’s value. You want to choose an incubator that provides the most value for the price you are willing to pay.
Once you have a few options available, you can focus more on getting accepted by an incubator. This involves making sure your startup is established enough and that your company has a clear history and story behind it. You must also be sure that your startup has already established its fundamentals and that the services it provides are beneficial to the market.
Scott Sohr is a Vanderbilt University graduate, who earned his MBA at the university’s Owen Graduate School of Management. In addition to establishing a successful career as a business leader, Scott Sohr contributes to and volunteers with a number of organizations, including Best Buddies International (BBI).
BBI’s aim is to create a world where those with intellectual and developmental disabilities (IDDs), including autism, cerebral palsy, Down syndrome, and many others, can successfully integrate into schools, workplaces, and general society. Its ultimate goal is to create a society that is so inclusive that individuals with IDDs no longer need its resources and support.
To bolster its efforts, in 2011 BBI established its 2020 Initiative with the goal of making BBI a household name. BBI’s efforts under this initiative include opening offices in every US state, creating 2,500 school-based chapters, and providing public speaking training to 4,000 of its Buddy Ambassadors. For more information, visit www.bestbuddies.org.
During the course of a successful career as an entrepreneur and business executive, Scott Sohr has founded and managed companies in a variety of sectors, including finance, real estate, and technology. In addition to his work as president of STS Ventures, Scott Sohr functions as the chairman of Built Technologies, an online platform that connects construction-industry professionals.
Via Built Technologies, borrowers and builders can request services, such as draws and inspections, and gain access to professionals quickly. The service offers real-time project management, thus cutting down on paperwork, and allows users to automate tasks and create in-depth reports while ensuring compliance with industry standards.
To date, Built Technologies has processed over $3.45 billion in loans while helping users lower portfolio risk and increase profitability. Beyond this, the application helps lenders attract and keep reliable borrowers while ensuring full transparency in all dealings, thus inspiring confidence in all stakeholders.
In practical terms, Built Technologies provides a return of between $2 and $2.50 for every $1 spent on the platform and increases the user’s administrative capacity two or three times over.
The president of STS Ventures, a firm that incubates start-up companies in Nashville, Tennessee, Scott Sohr earned an MBA from the Vanderbilt University Owen School of Management and now sits on the school’s real estate advisory board. Away from his work, Scott Sohr supports Gilda’s Club Nashville, named after Gilda Radner, which provides resources to people with cancer.
Gilda’s Club Noogieland™, named after a Saturday Night Live skit, aims to help children between the ages of 5 and 17 whose lives have been impacted by cancer. Free of charge, Noogieland™ provides two support group programs that offer children a safe environment to express their feelings.
Kid Support™ is a day-long program that offers information relating to communication, socialization, and relaxation for children who live with a loved one who has cancer or have received a cancer diagnosis themselves. Grief Relief™ groups focus on children who have lost someone to cancer. The groups strive to help children process the emotions related to grief and celebrate the lives of those they have lost.